CATReading Comprehension > Mediumthe institution of friendship cannot be found in the institution of joint-stock companies because the first is an informal institution, while the second is a formal one."natural language" refers to that stage of language development where no conscious human intent is evident in the formation of language.institutions like the family, rituals, governance, economy, and the military are natural and cannot be consciously modified.as concepts, "culture" and "tradition" have no analytical, explanatory or expository power, especially when they are treated in isolation.✅ Correct Option: 2Related questions:CAT 2018 Slot 1According to the author, Dubai:CAT 2018 Slot 1From the passage we can infer that the author would like economists to:CAT 2022 Slot 1Which one of the following statements best reflects the main argument of the fourth paragraph of the passage?